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Committee advances bill expanding wildfire nonrenewal moratorium to commercial policies
Summary
SB 547 would extend existing post‑disaster moratoria on cancellations and nonrenewals to commercial property insurance within wildfire perimeters or adjacent ZIP codes for one year after a state emergency is declared.
SB 547, carried in committee by Senator Rubio as a coauthor and sponsored by the Department of Insurance, would extend the existing residential moratorium on cancellations and nonrenewals after a declared state emergency to certain commercial property policies covering entities such as HOAs, condominiums, affordable housing, small businesses and nonprofits.
Josephine Figueroa of the Department of Insurance said the extension would protect commercial entities that are essential to…
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